Publix Employees Federal Credit Union’s saves 30% of time with Month-End Automation
SkyStem LLC, a provider of automated month-end close account reconciliation software, is pleased to announce Publix Employees Federal Credit Union’s success story on reducing the time spent on their month-end close process with ART. Founded in 1957, Publix Employees Federal Credit Union (PEFCU) currently has over $1 billion in assets and is ranked in the top five percent of credit unions nation-wide. With personalized service and long-term relationships, the credit union offers a wide selection of financial products and services to assist members in building and preserving their wealth.
Prior to adopting ART, Publix Employees Federal Credit Union’s month-end close and reconciliation process was increasingly burdensome and consistently exhausted both time and resources. The accounting department was still very much driven by paper and manual work. After implementing ART, PEFCU could immediately see the benefits it provided and realized how it would eliminate the pain-points within their current close process.
“SkyStem was very approachable throughout the whole process: from the implementation, training and turnaround time for helpdesk tickets. Their customer support is excellent, very prompt and knowledgeable to help you every step of the way.” said Publix Employees Federal Credit Union’s Controller. “Efficiency is standardized, ART provides consistency across the board.”
Since implementation, ART has enabled Publix Employees Federal Credit Union’s to achieve the following:
- Quicken and ease the sign off process via electronic signoffs.
- Save 30% of time on reconciliations preparation and review.
- Better satisfy internal and external auditors.
- Meet reconciliation deadlines consistently.
- Improve efficiency.
For more information on Publix Employees Federal Credit Union’s success and benefits from adopting ART, read the case study here.
About SkyStem LLC
Headquartered in the heart of New York City, SkyStem delivers a powerful month-end close solution for organizations seeking to streamline their financial processes. The company’s flagship solution, ART, is an enterprise technology that helps CFOs and Controllers shorten the month-end close and the time to issue financials by automating balance sheet reconciliations, managing month-end tasks, performing flux analysis and providing insightful reporting. The web-based solution streamlines and eliminates up to 90% of manual activities while strengthening internal controls and corporate governance.
